Proceedings.

YRC Freight Canada

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Active
Proceeding
CCAACompanies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended and section 106 of the Courts of Justice Act, R.S.O. 1990, c. C.43
Court
Ontario Superior Court of Justice
File
CV-23-00704038-00CL
Filings held61
Last activity8 Jul 2026
On the record1,140 days
OverviewSummary updated

YRC Freight Canada has been the subject of proceedings under Part IV of the Companies' Creditors Arrangement Act and section 106 of the Courts of Justice Act since August 8, 2023, commenced on the application of Yellow Corporation before the Ontario Superior Court of Justice, with Alvarez & Marsal Canada Inc. as information officer. A sale order of December 12, 2023 directed that net sale proceeds be distributed to the secured parties in order of priority until paid in full in cash. On February 8, 2024 the debtors confirmed that the pre-petition and post-petition secured funded debt obligations under the Prepetition B-2 Credit Agreement, the Prepetition UST Loan Documents and the DIP Loan Documents had been repaid in full and the related agreements terminated. The matter is carried on the Commercial List in court file CV-23-00704038-00CL and remains active.

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Case updates61 dated entries

58 earlier updates, back to 8 August 2023 — subscribers.

Parties

Debtor

YRC Freight Canada

Monitor

Alvarez & Marsal

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MorawetzOntario Superior Court of Justice13 orders, Aug 2023 – Mar 2026130 cases on record
Justice CavanaghOntario Superior Court of Justice2 orders, Aug 2023 – Jul 2026288 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorAlvarez & MarsalStikeman Elliott LLP2 Mar 2026Service list · 2 Mar 2026
Receivermsi Spergel IncChaitons LLP2 Mar 2026Service list · 2 Mar 2026
ApplicantAndrew Harmes LSO#: 73221AGoodmans LLP5 Dec 2023Order · 5 Dec 2023
ApplicantToys 'R' Us (Canada) LtdAird & Berlis LLP2 Mar 2026Service list · 2 Mar 2026
ApplicantYRC Freight CanadaGoodmans LLP6 Aug 2023Order · 6 Aug 2023
CreditorACI Brands IncTorkin Manes LLP2 Mar 2026Service list · 2 Mar 2026
CreditorAllied World Specialty Insurance CompanyThornton Grout Finnigan LLP2 Mar 2026Service list · 2 Mar 2026
CreditorBorgfeldt (Canada) LimitedFogler, Rubinoff LLP2 Mar 2026Service list · 2 Mar 2026
CreditorCadillac Fairview Corporation LimitedTorys LLP2 Mar 2026Service list · 2 Mar 2026
CreditorCameron Corporation and Canadian Property Holdings (Alberta) IncWitten LLP2 Mar 2026Service list · 2 Mar 2026
CreditorCentre d'achat Vaudreuil LtéeDonati Maisonneuve s.e.n.c.r.l.2 Mar 2026Service list · 2 Mar 2026
CreditorConcord Kingsway Project GP LtdLax O'Sullivan Lisus Gottlieb LLP · McEwan Cooper Kirkpatrick LLP2 Mar 2026Service list · 2 Mar 2026
CreditorCrombie Property Holdings LimitedGardiner Roberts LLP2 Mar 2026Service list · 2 Mar 2026
CreditorDAAN Groups IncAdelaide Street West CAMBRIDGE LLP2 Mar 2026Service list · 2 Mar 2026
CreditorDexterra Group IncFasken Martineau DuMoulin LLP2 Mar 2026Service list · 2 Mar 2026
CreditorElement Fleet Management CorpBlake, Cassels & Graydon LLP2 Mar 2026Service list · 2 Mar 2026
CreditorFranco MfgWitten LLP2 Mar 2026Service list · 2 Mar 2026
CreditorHis Majesty the King in Right of Canada as represented by the Minister of National RevenueLoopstra Nixon LLP2 Mar 2026Service list · 2 Mar 2026
CreditorLego Canada IncBlake, Cassels & Graydon LLP2 Mar 2026Service list · 2 Mar 2026
CreditorMEGA Brands ULCCassels Brock & Blackwell LLP2 Mar 2026Service list · 2 Mar 2026
CreditorMGA Entertainment Canada CompanyMcMillan LLP2 Mar 2026Service list · 2 Mar 2026
CreditorRavine Equities IncLawson Lundell LLP2 Mar 2026Service list · 2 Mar 2026
CreditorRoynat IncDentons Canada LLP2 Mar 2026Service list · 2 Mar 2026
CreditorShaw Group LimitedBoyneClarke LLP2 Mar 2026Service list · 2 Mar 2026
CreditorSpinMasterTorkin Manes LLP2 Mar 2026Service list · 2 Mar 2026
CreditorWest Broadway Centre LtdLawson Lundell LLP2 Mar 2026Service list · 2 Mar 2026
CreditorWonderland Power Centre IncBrown Beattie O'Donovan LLP2 Mar 2026Service list · 2 Mar 2026
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredPrepetition Secured Parties / Prepetition UST Secured Parties / DIP Secured Partiesas of December 12, 2023 (Sale Order) — Adverse Interests/liens against Acquired Assets sold; distribution in order of priority until paid in full in cash — Sale Order provides net sale proceeds distributed to Secured Parties in priority order; amounts not stated. Per page 15/16 of first document (page 4 in this set), the Debtors confirmed on Feb 8, 2024 that pre- and post-petition secured funded debt obligations (Prepetition B-2 Credit Agreement, Prepetition UST Loan Documents, DIP Loan Documents) have been repaid in full and related agreements terminated. — debtor: Debtors (including Canadian—Fifth Report of the Information Officer

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

Sale processAs stated in the filings

9 transactions · 4 approved · 3 closed · 2 not completed — The Canadian real property sale process has concluded, with all Canadian Owned Properties either sold or abandoned/wound down.Eleventh Report of the Information Officer · 2 Jul 2026

Parties solicited

650

Fourth Report of the Information Officer

NDAs signed

400

Fourth Report of the Information Officer

Letters of intent

120

Fourth Report of the Information Officer

Qualified bids

70

Fourth Report of the Information Officer

Stalking horse

Named · Subscribers

Eleventh Report of the Information Officer

PurchaserPriceStatusSource
2534929 Ontario Inc.all of YRC Freight Canada's right, title and interest in and to the Ontario Acquired Assets · asset sale · agreement 8 Aug 2025not statedApproved6 Aug 2023Second Sale Recognition and Vesting Order
Victor Massonthe right, title and interest of the Yellow Parent, YRC Freight Canada and USF Holland International Sales Corporation, as the case may be, in and to the Quebec Acquired Assets · real property · nominee/assignee: any nominee thereof, appointed at his discretion · agreement 21 Jul 2025SubscribersApproved6 Aug 2023Second Sale Recognition and Vesting Order
Allstar Investments Inc.all of YRC Freight Canada's right, title and interest in and to the acquired assets described therein · real property · agreement 12 Dec 2023SubscribersApprovedFourth Report of the Information Officer
Estes Express LinesStalking horseall of the Debtors' 174 owned real property assets, including three properties located in Canada · real property · agreement 15 Sep 2023SubscribersNot completedFourth Report of the Information Officer
Royal Group Holdings Inc.all of YRC Freight Canada's right, title and interest in and to the acquired assets described therein · real property · agreement 11 Dec 2023SubscribersApprovedFourth Report of the Information Officer
purchaser under the RGH Transaction, unnamedone Canadian Owned Property · real propertySubscribersClosed23 Jan 2024Eleventh Report of the Information Officer
purchaser of the Quebec Real Property, unnamedQuebec Real Property (930 Route 147, Dixville, QC) · real propertySubscribersClosedEleventh Report of the Information Officer
purchaser under a second transaction respecting the Quebec Real Property, unnamedQuebec Real Property · real propertySubscribersNot completed6 Nov 2025Eleventh Report of the Information Officer
purchaser of the Ontario Real Property, unnamedOntario Real Property · real propertySubscribersClosed28 Nov 2025Eleventh Report of the Information Officer
AdvisorsDucera Partners LLC (financial advisor); CBRE Limited (listing broker)Eleventh Report of the Information Officer
Closing termsVesting upon delivery of an Information Officer's Certificate for each TransactionSecond Sale Recognition and Vesting Order
RecoveriesAs stated in the filings

Unsecured creditors: a distribution. YRC Freight Canada a distribution · YRC Freight Canada a distribution.EstimatedNinth Report of the Information Officer · 11 Sep 2025

ClassCreditorClaimsRecoveryBasisSource
PreferredOther Priority Claims (Class 3)—paid in fullconditionalUnder the planper the monitorEighth Report of the Information Officer · 25 Apr 2025
UnsecuredHolders of General Unsecured Claims (J&S Holders and Non-J&S Holders)—a distributionEstimatedper the monitorNinth Report of the Information Officer · 11 Sep 2025
UnsecuredYRC Freight Canada—a distributionEstimatedSeventh Report of the Information Officer · 3 Dec 2024
class not placedYRC Freight CanadaYRC Freight Canada—a distributionEstimatedper the monitorEighth Report of the Information Officer · 25 Apr 2025

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

6 stated figures across 4 outcomes, each sourced

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Fees and ratesAs stated in the filings

3 engagements · 2 firms — latest: Cassels Brock & Blackwell LLP, 1 Oct 2024 – 31 Dec 2025Tenth Report of the Information Officer · 25 Feb 2026

FirmPeriodHoursFeesRatesSource
Alvarez & Marsal Canada Inc.Information officer—Sought——not statedSeventh Report of the Information Officer · 3 Dec 2024
Cassels Brock & Blackwell LLPCounsel to the information officerperiod 2 of 21 Oct 2024 – 31 Dec 2025Sought—••••••Tenth Report of the Information Officer · 25 Feb 2026
Cassels Brock & Blackwell LLPCounsel to the information officerperiod 1 of 2—Sought——•••Seventh Report of the Information Officer · 3 Dec 2024

3 stated figures across 3 engagements, each sourced

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Estate financialsReported figures — never derived

Cash on hand

$4.5M USD

As at 11 Sep 2025Ninth Report of the Information Officer

1 more reported figure, as at 11 Sep 2025

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Documents
61 filings
DateDocumentFile
Endorsement of Justice Cavanagh
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Factum of the ApplicantPDF · Subscribers
Eleventh Report of the Information Officer
  • Closing confirmed Closed · 6 Nov 2025; Closed · 28 Nov 2025; Closed · 23 Jan 2024; Did not complete · date not stated
  • Purchaser purchaser of the Quebec Real Property, unnamed · the Quebec Real Property · real property · closed; purchaser of the Ontario Real Property, unnamed · the Ontario Real Property · real property · closed; purchaser under the RGH Transaction, unnamed · one Canadian Owned Property (the RGH Transaction) · real property · closed; purchaser under a second transaction respecting the Quebec Real Property, unnamed · the Quebec Real Property · real property · not completed
  • Sale advisor CBRE Inc. (listing broker)
  • Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Endorsement of Chief Justice Morawetz
  • Presiding officer Justice Morawetz
PDF · Subscribers
Confirmation Recognition OrderPDF · Subscribers
Service List (as of March 2, 2026)
  • Counsel Torkin Manes LLP
PDF · Subscribers
Tenth Report of the Information Officer
  • Closing confirmed Closed · 23 Jan 2024; Did not complete · date not stated; Closed · 6 Nov 2025; Closed · 28 Nov 2025
  • Cash on hand · Disbursements · Fee schedule Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Information Officer's CertificatePDF · Subscribers
Factum of the Applicants (Returnable September 15, 2025)PDF · Subscribers
Motion Record of the ApplicantsPDF · Subscribers
Ninth Report of the Information Officer
  • Operational summary The Canadian Debtors continue an orderly wind-down, having sold or terminated nearly all real property and rolling stock assets, with one employee remaining to assist with wind-down efforts and claims/plan matters ongoing in the Chapter 11 Cases.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Endorsement of Chief Justice Morawetz (April 30, 2025)
  • Presiding officer Justice Morawetz
PDF · Subscribers
Eighth Supplemental OrderPDF · Subscribers
Motion Record (returnable April 29, 2025)PDF · Subscribers
Eighth Report of the Information Officer
  • Operational summary The Debtors are continuing the orderly wind-down of operations and sale of remaining real property and rolling stock assets, while pursuing a Chapter 11 Joint Plan settlement with the UCC to resolve outstanding claims disputes; the Canadian Debtors continue to terminate/reject remaining leases and only two non-unionized employees remain to assist with wind-down.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Endorsement of Chief Justice Morawetz (December 9, 2024)
  • Presiding officer Justice Morawetz
PDF · Subscribers
Seventh Supplemental OrderPDF · Subscribers
Seventh Report of the Information Officer
  • Cash on hand · Disbursements · Fee schedule · Financial position Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Endorsement of Chief Justice Morawetz (June 19, 2024)
  • Presiding officer Justice Morawetz
PDF · Subscribers
Factum of the Applicant (Motion Returnable June 19, 2024)PDF · Subscribers
Motion Record (Returnable June 19, 2024)PDF · Subscribers
Sixth Supplemental OrderPDF · Subscribers
Sixth Report of the Information Officer
  • Operational summary The Debtors are winding down operations, continuing to market and sell remaining real property and rolling stock assets, and pursuing settlements with possessory lienholders and abandonment/destruction of surplus records and electronic mailboxes; a small remaining Canadian workforce assists with wind-down efforts.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Endorsement of Chief Justice Morawetz (February 29, 2024)
  • Presiding officer Justice Morawetz
PDF · Subscribers
Factum of the Applicant (Motion Returnable February 28, 2024)PDF · Subscribers
Fifth Supplemental OrderPDF · Subscribers
Affidavit of Brennan Caldwell (Sworn February 26, 2024)PDF · Subscribers
Endorsement of Chief Justice Morawetz (December 21, 2023)
  • Presiding officer Justice Morawetz
PDF · Subscribers
Factum of the Applicant (Motion Returnable December 19, 2023)PDF · Subscribers
Motion Record (Motion for a Sale Recognition and Vesting Order)PDF · Subscribers
Sale Recognition and Vesting OrderPDF · Subscribers
Fourth Report of the Information Officer
  • Operational summary The Debtors continue an orderly wind-down and liquidation of their assets, including completing a real estate auction and Canadian property sales, with further asset sales and claims/distribution processes ongoing in the Chapter 11 Cases.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Endorsement of Chief Justice Morawetz (December 5, 2023)
  • Presiding officer Justice Morawetz
PDF · Subscribers
Factum of the Applicant (Motion Returnable December 5, 2023)PDF · Subscribers
Fourth Supplemental Order
  • Counsel Goodmans LLP
  • Presiding officer Justice Morawetz
PDF · Subscribers
Third Report of the Information Officer
  • Operational summary The Canadian Debtors are conducting an orderly wind-down of operations, including exiting leased locations and disposing of rolling stock and non-rolling stock assets, funded largely through accounts receivable collections rather than DIP draws.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Endorsement of Chief Justice Morawetz (November 10, 2023)
  • Presiding officer Justice Morawetz
PDF · Subscribers
Factum of the Applicant (Motion Returnable November 8, 2023)PDF · Subscribers
Motion Record (Returnable November 8, 2023)PDF · Subscribers
Third Supplemental OrderPDF · Subscribers
Second Report of the Information Officer
  • Operational summary The Canadian Debtors continued an orderly wind-down of their business, working to exit leased locations and wind down owned locations, having cleared all remaining shipments in Canada, with a significantly reduced workforce assisting remaining wind-down efforts.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Endorsement of Chief Justice Morawetz (September 29, 2023)
  • Presiding officer Justice Morawetz
PDF · Subscribers
Factum of the Applicant (Motion Returnable September 29, 2023)PDF · Subscribers
Motion Record (Returnable September 29, 2023) 1 of 4PDF · Subscribers
Motion Record (Returnable September 29, 2023) 2 of 4PDF · Subscribers
Motion Record (Returnable September 29, 2023) 3 of 4PDF · Subscribers
Motion Record (Returnable September 29, 2023) 4 of 4PDF · Subscribers
Second Supplemental OrderPDF · Subscribers
First Report of the Information Officer
  • Purchaser Estes Express Lines (stalking horse) · all of the Debtors' 174 owned real property assets, including three properties located in Canada · real property · proposed
  • Sale advisor Ducera Partners LLC (financial advisor)
  • Sale outcome Sale process approved — sale process ongoing with stalking horse for real estate; auction if required
  • Stalking horse Subscribers
PDF · Subscribers
Supplemental Application Record (Returnable August 29, 2023)
  • Applicant Yellow Corporation
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-23-00704038-00CL
  • Province ONTARIO
  • + 1 more extracted fact
PDF · Subscribers
Report of the Proposed Information OfficerPDF · Subscribers
Application Record (Returnable August 8, 2023)
  • Applicant Yellow Corporation
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role Information Officer
  • Commencement date 8 August 2023
  • + 3 more extracted facts
PDF · Subscribers
Endorsement of Justice Morawetz
  • Presiding officer Justice Morawetz
PDF · Subscribers
Interim Stay Order (Foreign Proceeding)PDF · Subscribers
Factum of the Applicant (Application for Initial Recognition Order and Supplemental Order)PDF · Subscribers
Initial Recognition Order (Foreign Main Proceeding)
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role information officer
  • Counsel Goodmans LLP
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • + 3 more extracted facts
PDF · Subscribers
Second Sale Recognition and Vesting Order
  • Closing terms Vesting upon delivery of an Information Officer's Certificate for each Transaction
  • Counsel Goodmans LLP
  • Presiding officer Justice Morawetz
  • Purchaser 2534929 Ontario Inc. · all of YRC Freight Canada's right, title and interest in and to the Ontario Acquired Assets · asset sale · approved; Victor Masson · nominee/assignee any nominee thereof, appointed at his discretion · the right, title and interest of the Yellow Parent, YRC Freight Canada and USF Holland International Sales Corporation, as the case may be, in and to the Quebec Acquired Assets · real property · approved
  • + 1 more extracted fact
PDF · Subscribers
Settlement Recognition Order
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Supplemental Order (Foreign Main Proceeding)PDF · Subscribers
Fifth Report of the Information Officer
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Factum of the Applicant (Application for Interim Stay Order)PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “YRC Freight Canada” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/yrc-freight-canada

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Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/yrc-freight-canada

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.